Snap CEO Evan Spiegel got a $637 million bonus last year

3 weeks ago

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Snap’s stock investors haven’t made much money since the company went public last year, but CEO Evan Spiegel still got a hefty payday.

According to an SEC filing, he was granted an RSU of 37,447,817, which vested at the time of the IPO. In other words, that was worth nearly $636.6 million. His salary for the year was $98,078, and he had over $1 million in other benefits, so all in all, Spiegel made $638 million in 2017 alone.

That’s a lot of money. But the Snapchat co-founder also started the whole thing.

And he wasn’t the only executive to get a big payday. Chief Strategy Officer Imran Khan netted over $100 million and the company’s new general counsel Michael O’Sullivan earned almost $17 million, for less than half a year’s work. Former general counsel Chris Handman earned over $54 million for the first seven months of last year.